Payoneer Global Inc. (NASDAQ:PAYO) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC grew its position in shares of Payoneer Global Inc. (NASDAQ:PAYO) by 15.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,126,300 shares of the company’s stock after buying an additional 685,395 shares during the quarter. Renaissance Technologies LLC owned 1.44% of Payoneer Global worth $51,468,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in PAYO. Smartleaf Asset Management LLC boosted its stake in shares of Payoneer Global by 405.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,819 shares of the company’s stock valued at $38,000 after buying an additional 3,064 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Payoneer Global by 29.3% during the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock worth $45,000 after purchasing an additional 1,016 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Payoneer Global by 21.2% during the 4th quarter. Blue Trust Inc. now owns 5,380 shares of the company’s stock worth $54,000 after purchasing an additional 940 shares during the period. GAMMA Investing LLC increased its holdings in shares of Payoneer Global by 41.7% in the 4th quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock valued at $83,000 after purchasing an additional 2,425 shares in the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in shares of Payoneer Global in the fourth quarter valued at about $105,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

Wall Street Analysts Forecast Growth

PAYO has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of Payoneer Global from $10.00 to $8.00 and set a “market perform” rating on the stock in a research report on Monday, March 31st. Wolfe Research downgraded Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a report on Monday, February 3rd. They set a “buy” rating and a $13.00 price objective for the company. The Goldman Sachs Group lowered their target price on Payoneer Global from $11.00 to $9.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. Finally, Citigroup lifted their price target on Payoneer Global from $14.50 to $16.50 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.36.

Insider Buying and Selling

In other Payoneer Global news, CFO Beatrice Ordonez sold 85,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value of $884,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,305,245 shares in the company, valued at approximately $23,974,548. The trade was a 3.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 5.57% of the stock is owned by company insiders.

Payoneer Global Stock Down 5.2 %

PAYO opened at $6.25 on Friday. The firm has a market cap of $2.25 billion, a P/E ratio of 17.86, a PEG ratio of 2.88 and a beta of 1.02. The business’s fifty day simple moving average is $8.36 and its 200 day simple moving average is $9.23. Payoneer Global Inc. has a 52 week low of $4.73 and a 52 week high of $11.29.

Payoneer Global (NASDAQ:PAYO) last released its earnings results on Thursday, February 27th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $261.74 million during the quarter, compared to analysts’ expectations of $242.14 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. During the same quarter last year, the company posted $0.05 earnings per share. As a group, equities analysts expect that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

About Payoneer Global

Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.